Earlier this week, NUST signed an agreement with a multinational consortium led by International Consulting Associates (ICA) for the development and expansion of National Science & Technology Park (NSTP), Pakistan’s first STP, at NUST Islamabad campus. The consortium led by International Consulting Associates includes ABS & Co as the legal advisors. The legal team is being led by Barrister Shahrukh Iftikhar from the Islamabad office.
ABS & Co recently advised Telenor Microfinance Bank in relation to an inquiry report prepared by FRMU on the financial embezzlement and dispute loan portfolio of bank officers. After examining the internal inquiry report prepared by the Bank, ABS & Co advised the Bank on possible violations of the State Bank's prudential regulations and criminal prosecution against the employees including registration of FIRs and other remedies available under labor and employment law.
ABS & Co's Lahore based-team recently advised Total Parco Pakistan in relation to a false and defamatory news item published in relation to Total's business in Daily Khabrain. In the news, it was alleged that Total was involved in smuggling of oil from Iran and for blending it with water.
ABS & Co advised state-owned, Sui Northern Gas Pipeline Limited (SNGPL), in relation to its Gas Supply Agreement with Pakistan Electric Power Company, GENCO-II at Guddu. The buyer under the GSA operates a 1655 MW power plant in District Kashmore and was previously allocated gas by the Government of Pakistan up to a total of 120 mmcfd from different gas fields.
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